T7EU.DE vs. XCS2.DE
T7EU.DE (Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - T7EU.DE tracks the Bloomberg U.S. Treasury 3-7 Year Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 3 years, T7EU.DE returned 2.08%/yr vs 2.45%/yr for XCS2.DE. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
T7EU.DE vs. XCS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, T7EU.DE achieves a -0.88% return, which is significantly lower than XCS2.DE's 8.74% return.
T7EU.DE
- 1D
- -0.49%
- 1M
- 0.21%
- 6M
- -0.94%
- YTD
- -0.88%
- 1Y
- 0.78%
- 3Y*
- 2.08%
- 5Y*
- —
- 10Y*
- —
XCS2.DE
- 1D
- 0.64%
- 1M
- 0.17%
- 6M
- 8.57%
- YTD
- 8.74%
- 1Y
- 9.20%
- 3Y*
- 2.45%
- 5Y*
- -1.91%
- 10Y*
- -0.09%
T7EU.DE vs. XCS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
T7EU.DE Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist | -0.88% | 4.82% | 0.05% | 1.93% | 7.97% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.74% | -2.17% | -1.70% | 0.78% | -10.59% |
Correlation
The correlation between T7EU.DE and XCS2.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.51 |
The correlation between T7EU.DE and XCS2.DE shifts across timeframes, from 0.32 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
T7EU.DE vs. XCS2.DE — Risk / Return Rank
T7EU.DE
XCS2.DE
T7EU.DE vs. XCS2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist (T7EU.DE) and Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| T7EU.DE | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 2.01 | -1.74 |
| Martin ratioReturn relative to average drawdown | 0.68 | 6.68 | -5.99 |
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Drawdowns
T7EU.DE vs. XCS2.DE - Drawdown Comparison
The maximum T7EU.DE drawdown since its inception was -13.15%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for T7EU.DE and XCS2.DE.
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Drawdown Indicators
| T7EU.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.15% | -41.58% | +28.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -4.56% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.27% | -12.00% | +7.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.58% | — |
Current DrawdownCurrent decline from peak | -5.02% | -32.78% | +27.76% |
Average DrawdownAverage peak-to-trough decline | -7.47% | -25.75% | +18.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.37% | -0.23% |
Volatility
T7EU.DE vs. XCS2.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist (T7EU.DE) is 1.05%, while Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.20%. This indicates that T7EU.DE experiences smaller price fluctuations and is considered to be less risky than XCS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T7EU.DE | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 2.20% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 7.40% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 8.80% | -5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.76% | 10.13% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 21.02% | -10.26% |
Dividends
T7EU.DE vs. XCS2.DE - Dividend Comparison
T7EU.DE's dividend yield for the trailing twelve months is around 4.13%, while XCS2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
T7EU.DE Invesco US Treasury Bond 3-7 Year UCITS ETF EUR Hdg Dist | 4.13% | 4.02% | 4.27% | 3.60% | 1.54% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
T7EU.DE and XCS2.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
T7EU.DE tracks Bloomberg U.S. Treasury 3-7 Year Index, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: Invesco and Xtrackers.
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